How long we can take credit of service tax

This query is : Resolved 

30 June 2010 Dear All,

Request you to let me kow how long we can take credit of service tax un utilized in our books from previous yers.

30 June 2010 You have already taken the credit. This can be carried forward till utilised. There is no time restriction within which the CENVAT credit can be utilised.

30 June 2010 AGREED, AS SOON AS PAYMENT OF BILL IS MADE, YOU CAN TAKE CREDIT OF BILL. FOR UTILIZATION OF THE BALANCE IN SERVICE TAX CREDIT A/C , THERE IS NO TIME LIMIT.




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